INDUSTRIAL REITS STANDARDIZE KEY PROPERTY METRICS
STAG Industrial (NYSE:STAG) has joined forces with EastGroup Properties, First Industrial Realty Trust, and Prologis to standardize key non-GAAP property metrics across the industrial REIT sector.
The coalition has updated their methodology for calculating metrics including property stabilization, occupancy, rent change, and customer retention. The initiative builds upon their 2018 harmonization efforts and maintains that annual same-store portfolio calculations will only include properties stabilized in both current and prior periods.
The standardization will be implemented in STAG Industrial's 2025 guidance and is not expected to materially impact non-GAAP metrics for pre-2025 periods. While some minor calculation differences may persist, the initiative aims to enhance sector-wide consistency and comparability.
STAG Industrial (NYSE:STAG) ha unito le forze con EastGroup Properties, First Industrial Realty Trust e Prologis per standardizzare i principali parametri non-GAAP nel settore dei REIT industriali.
La coalizione ha aggiornato la propria metodologia per il calcolo di parametri come la stabilizzazione degli immobili, l'occupazione, il cambiamento degli affitti e la fidelizzazione dei clienti. L'iniziativa si basa sui loro sforzi di armonizzazione del 2018 e stabilisce che i calcoli annuali del portafoglio a stesso negozio includeranno solo gli immobili stabilizzati sia nei periodi attuali che in quelli precedenti.
La standardizzazione sarà implementata nelle previsioni di STAG Industrial per il 2025 e non si prevede che influisca in modo significativo sui parametri non-GAAP per i periodi precedenti al 2025. Sebbene possano persistere alcune piccole differenze nei calcoli, l'iniziativa mira a migliorare la coerenza e la comparabilità a livello di settore.
STAG Industrial (NYSE:STAG) se ha unido a EastGroup Properties, First Industrial Realty Trust y Prologis para estandarizar los principales métricas no-GAAP en el sector de los REIT industriales.
La coalición ha actualizado su metodología para calcular métricas como la estabilización de propiedades, la ocupación, el cambio de alquiler y la retención de clientes. La iniciativa se basa en sus esfuerzos de armonización de 2018 y establece que los cálculos anuales del portafolio de mismas tiendas solo incluirán propiedades estabilizadas tanto en los períodos actuales como en los anteriores.
La estandarización se implementará en la guía de STAG Industrial para 2025 y no se espera que impacte materialmente en las métricas no-GAAP para los períodos anteriores a 2025. Aunque algunas pequeñas diferencias en los cálculos pueden persistir, la iniciativa tiene como objetivo mejorar la consistencia y comparabilidad en todo el sector.
STAG 산업 (NYSE:STAG)은 EastGroup Properties, First Industrial Realty Trust 및 Prologis와 힘을 합쳐 산업 REIT 부문에서 주요 비-GAAP 부동산 지표를 표준화했습니다.
연합은 지표 계산 방법론을 업데이트했습니다 부동산 안정화, 점유율, 임대료 변화 및 고객 유지와 같은 지표를 포함하여. 이 이니셔티브는 2018년의 조화 노력에 기반하고 있으며, 연간 동일 매장 포트폴리오 계산은 현재 및 이전 기간 모두에서 안정화된 부동산만 포함할 것이라고 명시하고 있습니다.
표준화는 STAG 산업의 2025년 가이드라인에 적용될 예정이며 2025년 이전 기간의 비-GAAP 지표에 중대한 영향을 미칠 것으로 예상되지 않습니다. 일부 미세한 계산 차이가 지속될 수 있지만, 이 이니셔티브는 부문 전반의 일관성과 비교 가능성을 향상시키는 것을 목표로 하고 있습니다.
STAG Industrial (NYSE:STAG) s'est associé à EastGroup Properties, First Industrial Realty Trust et Prologis pour standardiser les principales métriques non-GAAP dans le secteur des REIT industriels.
La coalition a mis à jour sa méthodologie pour calculer des métriques telles que la stabilisation des propriétés, le taux d'occupation, le changement de loyer et la fidélisation des clients. L'initiative s'appuie sur leurs efforts d'harmonisation de 2018 et stipule que les calculs annuels du portefeuille de magasins comparables n'incluront que les propriétés stabilisées tant dans les périodes actuelles que dans les périodes précédentes.
La standardisation sera mise en œuvre dans les prévisions de STAG Industrial pour 2025 et ne devrait pas avoir d'impact matériel sur les métriques non-GAAP pour les périodes antérieures à 2025. Bien que certaines petites différences de calcul puissent persister, l'initiative vise à améliorer la cohérence et la comparabilité à l'échelle du secteur.
STAG Industrial (NYSE:STAG) hat sich mit EastGroup Properties, First Industrial Realty Trust und Prologis zusammengeschlossen, um wichtige nicht-GAAP-Immobilienkennzahlen im industriellen REIT-Sektor zu standardisieren.
Die Koalition hat ihre Methodik aktualisiert zur Berechnung von Kennzahlen wie Immobilienstabilisierung, Belegung, Mietänderung und Kundenbindung. Die Initiative baut auf ihren Harmonisierung Bemühungen von 2018 auf und legt fest, dass die jährlichen Berechnungen des Portfolios mit gleichen Geschäften nur Immobilien umfassen, die sowohl in den aktuellen als auch in den vorherigen Zeiträumen stabilisiert wurden.
Die Standardisierung wird in den Prognosen von STAG Industrial für 2025 umgesetzt und wird voraussichtlich keine wesentlichen Auswirkungen auf die nicht-GAAP-Kennzahlen für Zeiträume vor 2025 haben. Während einige kleinere Berechnungsunterschiede bestehen bleiben können, zielt die Initiative darauf ab, die Konsistenz und Vergleichbarkeit im gesamten Sektor zu verbessern.
- Enhanced transparency and comparability of metrics for investors
- Continuation and improvement of 2018 standardization initiative
- No material impact expected on historical performance metrics
- None.
Building on the 2018 harmonization initiative, the Industrial REIT Group reaffirmed its approach to determining property stabilization, occupancy, rent change, and customer retention. Additionally, the annual same-store portfolio will continue to include only properties that were stabilized in both the current and prior periods presented. Criteria to exclude value-add and redevelopment properties from the same store portfolio was also reaffirmed.
All Industrial REIT Group members will align their non-GAAP metrics with these methodologies when the metric is disclosed. These methodologies are incorporated in STAG Industrial's 2025 guidance and are not expected to have a material impact on STAG Industrial's non-GAAP metrics for periods prior to 2025.
While minor differences may remain in calculation methods or terminology, the shared goal is to enhance consistency and comparability across the sector.
About STAG Industrial, Inc.
STAG Industrial, Inc. is a real estate investment trust focused on the acquisition, ownership, and operation of industrial properties throughout
For additional information, please visit the Company's website at www.stagindustrial.com.
Forward-Looking Statements
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SOURCE STAG Industrial, Inc.
FAQ
How will STAG Industrial's 2025 metrics be affected by the new standardization?
What property metrics are being standardized by STAG and other industrial REITs?
Which REITs are participating in the industrial metrics standardization with STAG?
What criteria will STAG use for same-store portfolio calculations under the new standards?
